AMTE Power PLC Posting of Circular (0444M)
11 September 2023 - 1:24PM
UK Regulatory
TIDMAMTE
RNS Number : 0444M
AMTE Power PLC
11 September 2023
11 September 2023
AMTE Power Plc
("AMTE Power" or the "Company")
Posting of Circular
AMTE Power plc (AIM: AMTE), a leading UK developer and
manufacturer of battery cells for specialist markets, announces
that, further to the announcement made on 8 September 2023
regarding a placing to raise GBP2.1m and a proposed retail offer to
raise up to GBP0.25 million (the "Previous Announcement"), the
Circular was posted to Shareholders on the same day and is
available to be viewed on the Company's website at
https://amtepower.com/investors/ .
The Circular outlines the timetable for the General Meeting and
admission of the Conditional Placing Shares, as well as the Retail
Offer. Extracts from the timetable are included below:
2023
Latest time and date for receipt of Form 10.00am. on 21(st) September
of Proxy
General Meeting 10.00am. on 25(th) September
Conditional Admission and commencement 8.00 a.m. on 26(th) September
of dealings in the Conditional Placing
Shares on AIM
CREST accounts credited with Conditional 8.00 a.m. on 26(th) September
Placing Shares in uncertified form
Announcement and Launch of Retail Offer 26(th) September
Dispatch of share certificates in respect Within 14 days of Conditional
of the Conditional Placing Shares to be Admission(3)
issued in certified form
Close of Retail Offer 29(th) September
Retail Offer Admission and commencement 8.00 a.m. on 2(nd) October(4)
of dealings in the Retail Shares on AIM
CREST accounts credited with Retail Shares 8.00 a.m. on 2(nd) September
in uncertificated form
Dispatch of share certificates in respect Within 14 days of Retail
of the Retail Shares to be issued in certified Admission
form
Notes:
1. Each of the times and dates above are indicative only and are
subject to change. If any of the above times and/or dates change,
the revised times and/or dates will be notified by the Company to
the Shareholders by announcement through a regulatory information
service.
2. All of the above times refer to London time unless otherwise stated.
3. The admission and commencement of dealings in the Conditional
Placing Shares on AIM are conditional on, inter alia, the passing
of the Resolutions at the General Meeting.
4. The admission and commencement of dealings in the Retail
Shares on AIM are conditional on, inter alia, the passing of the
Resolutions at the General Meeting.
5. All defined terms have the same meanings as outlined in the Circular.
Capitalised terms used but not otherwise defined in this
announcement shall have the meanings ascribed to such terms in the
Previous Announcement, unless the context requires otherwise.
Enquiries
AMTE Power plc +44 (0)1847 867 200
Alan Hollis (Chief Executive Officer)
Anita Breslin (Chief Financial Officer)
WH Ireland (NOMAD and Joint Broker) +44 (0)207 220 1666
Chris Fielding / James Bavister (Corporate
Finance)
Fraser Marshall (Corporate Broking)
Panmure Gordon (UK) Limited (Joint
Broker) +44 (0)207 886 2500
John Prior / James Sinclair-Ford (Corporate
Finance)
Hugh Rich (Corporate Broking)
+44 (0)203 757 4992
Camarco (Financial PR) / 4981
Ginny Pulbrook / Rosie Driscoll
About AMTE Power
AMTE Power was founded in 2013 and is a leading UK developer and
manufacturer of lithium-ion and sodium-ion battery cells for
specialist markets. In March 2021, the Company was admitted to
trading on the AIM market of the London Stock Exchange. The Company
is focused on launching a series of next generation battery cells
based on new chemistries and cell structures that are designed to
solve key problems in power delivery, energy performance, and
safety. These new products are targeted at a range of specialist
markets including the electric vehicle industry and energy storage
sector.
AMTE Power's purpose-built cell manufacturing facility in
Thurso, Scotland has the second largest cell manufacturing capacity
in the UK and the Company also has a product development team based
in Oxford. AMTE's proposed gigafactory in Dundee, Scotland is
expected to be capable of producing over 8 million battery cells
per annum enabling the Company to rapidly scale up cell
production.
For further information visit the Company's website:
www.amtepower.com
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END
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